April 30 May 31 Inventories Raw materials $26,000 5 43,000 Work in process 9,600 19,300 Finished goods 69,000 33,000 Activities and information for May Raw materials purchases (paid with cash) 198,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 6,000 Indirect labor 34,500 other overhead costs 108,500 Sales (received in cash) 1,500,000 Predetermined overhead rate based on direct labor cost 55% I Exercise 19-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of May using Taccounts. . Cost of direct materials used. . Cost of direct labor used. . Cost of goods manufactured. . Cost of goods sold?\" . Gross prot. . Overapplied or underapplied overhead. Na 0'0th *Do not consider any underapplied or overapplled overhead. Raw Materials (RM) Work in Process (WIP) 0 Finished Goods (FG) Factory Overhead 0 0